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XAU/USD

Silver

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

The currency pair has completed a wave of decline to 1.0760. Today the market is forming a consolidation range above this level. If the price breaks it downwards, the range could extend to 1.0703. And if the price escapes the range upwards, a correction to 1.0900 could begin. Next, a decline to 1.0700 is expected.

GBP/USD, “Great Britain Pound vs US Dollar”

The currency pair has completed a wave of decline to 1.2400. Today the market is forming a consolidation range around this level. With an escape from it upwards, a correction to 1.2550 could start. If the price breaks the range downwards, the wave might continue to 1.2350.

USD/JPY, “US Dollar vs Japanese Yen”

The currency pair has completed a wave of growth to 138.72. Today the market is forming a consolidation range under this level. With an escape from the range downwards, a correction to 137.40 could start, from where the wave could continue to 136.10.

USD/CHF, “US Dollar vs Swiss Franc”

The currency pair has reached a local goal of a wave of growth at 0.9054. The market is consolidating around this level today. With an escape from the range upwards, the wave could continue to 0.9103. If the price breaks the range downwards, a correction to 0.8888 could start.

AUD/USD, “Australian Dollar vs US Dollar”

The currency pair has completed a wave of decline to 0.6606. Today the market is consolidating above this level. If the price breaks the range upwards, the potential for a correction to 0.6660 could open. If the price breaks the range downwards, the latter might extend to 0.6595. Next, growth to 0.6700 could follow.

Brent

Brent has completed a correction to 74.45. Today the market is forming a structure of growth to 77.40. This is the first target. After the price reaches this level, a correction to 76.00 could follow. Next, an increase to 80.50 is expected, from where the trend might continue to 85.00.

XAU/USD, “Gold vs US Dollar”

Gold has completed a wave of decline to 1952.00. Today the market is forming a consolidation range above this level. The range might extend to 1965.65. If the price breaks it downwards, a link of decline to 1945.60 is not excluded. With an escape upwards, a correction to 2012.00 could begin. Next, a decline to 1900.00 could follow.

S&P 500

The stock index formed a consolidation range around 4161.5. Breaking it upwards today, the price reached 4210.0. A link of correction to 4161.5 is expected. Next, a link of growth to 4215.5 is expected, followed by a decline to 4050.0.

Author

RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

EUR/USD hits two-day highs near 1.1820

EUR/USD picks up pace and reaches two-day tops around 1.1820 at the end of the week. The pair’s move higher comes on the back of renewed weakness in the US Dollar amid growing talk that the Fed could deliver an interest rate cut as early as March. On the docket, the flash US Consumer Sentiment improves to 57.3 in February.

GBP/USD reclaims 1.3600 and above

GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.

Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

Three scenarios for Japanese Yen ahead of snap election

The latest polls point to a dominant win for the ruling bloc at the upcoming Japanese snap election. The larger Sanae Takaichi’s mandate, the more investors fear faster implementation of tax cuts and spending plans.

XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.